Within this context, the African Union’s Green Recovery Action Plan (GRAP) identifies several priorities for cooperation in the coming five years to support a resilient and green economic recovery. This plan is articulated within Agenda 2063 of African Union (AU), which aims to transform the economies of Africa by increasing intra-continental trade and investment, where […]
Francisco G. Carneiro and Ferdinand Owoundi African hopes are on the rise with the African Continental Free Trade Area (AfCFTA) that became effective on January 1, 2021.
On 1 January 2021, the African Union launched the African Continental Free Trade Area (AfCFTA). This Regional Action Group for Africa report is part of a series investigating five priority pathways to drive economic recovery and build resilience in the context of the AfCFTA Agreement. It explores two priorities: first, unlocking manufacturing to mitigate global […]
The African Continental Free Trade Area (AfCFTA) began on New Year’s Day 2021. It aims to bring continent-wide free trade to 1.3 billion people in an $3.4 trillion economic bloc. But challenges including poor road and rail links, political unrest, and excessive border bureaucracy will not disappear overnight. https://www.weforum.org/agenda/2021/01/african-free-trade-bloc-business-challenges/
Participants at the 2020 edition of the African Economic Conference have been told that digitalization of trade across the continent can significantly boost free trade in Africa, helping to realize the objectives of the Africa Continental Free Trade Agreement (AfCFTA). The virtual 3-day event kicked off today in Addis Ababa. https://www.uneca.org/stories/how-digitalization-african-trade-will-help-realise-afcfta